Global Meltdown and Indian Economy

Global Meltdown and Indian Economy PDF Author: Indian Economic Association. Annual Conference
Publisher:
ISBN: 9788184503548
Category : Financial crises
Languages : en
Pages : 0

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Book Description
Papers presented at the 92nd Annual Conference of the Indian Economic Association, held at KIIT University during 27-29 December 2009.

Global Meltdown and Indian Economy

Global Meltdown and Indian Economy PDF Author: Indian Economic Association. Annual Conference
Publisher:
ISBN: 9788184503548
Category : Financial crises
Languages : en
Pages : 0

Get Book Here

Book Description
Papers presented at the 92nd Annual Conference of the Indian Economic Association, held at KIIT University during 27-29 December 2009.

Market, Regulations and Finance

Market, Regulations and Finance PDF Author: Ratan Khasnabis
Publisher: Springer Science & Business Media
ISBN: 8132217950
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
This volume’s primary contribution to the field of Economics is that it addresses the issue of inter-linkages between money, finance and macroeconomics with a broad analytical perspective that has commonality with the Post-Keynesians. In an attempt to assess the consequences of economic reforms and the fallout of the global financial crisis on India and the world around, the book argues that with the onset of the crisis, as in most advanced economies, debates and discussions in India have been concerned with three main issues: monetary policy and asset prices, financial stability, and macro-prudential regulation. Three related issues which are also considered important in the Indian context are – rule vs. principle-based supervision, integrated financial supervision, and regulatory and supervisory independence. The book argues that the crisis highlighted the inadequacies of macro-prudential regulatory structure which mainly addresses idiosyncratic risks specific to individual financial institutions. The crisis precipitated an extensive debate on the role of national regulatory and supervisory authorities in crisis prevention and crisis management via macro-prudential regulations which involves a general equilibrium approach to regulation aiming at safeguarding the financial system as a whole. The book then argues that the crisis led to a paradigm shift in macroeconomic theory and policy. This shift has been categorized into four specific areas: monetary policy, financial regulation, corporate governance, and globalization. The book analyses how the characteristics of each of these four categories have changed from the pre-crisis to the post-crisis situation. The book also delves into the phenomenon of rising global commodity prices post-crisis. The book also deals with an analysis of the impact of this crisis on employment in the US economy, by simulating a macroeconomic model developed by the Cambridge Department of Applied Economics in the 1980s.

India and the Global Financial Crisis

India and the Global Financial Crisis PDF Author: Y. Venugopal Reddy
Publisher: Anthem Press
ISBN: 1843318016
Category : Business & Economics
Languages : en
Pages : 414

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Book Description
'India and the Global Financial Crisis' offers a collection of key speeches delivered by Reddy during his tenure as Governor of the Reserve Bank of India, and provides insights into the challenges facing the management of India's calibrated integration within the global economy.

Global Economic Meltdown and Indian Economy

Global Economic Meltdown and Indian Economy PDF Author:
Publisher:
ISBN: 9788189630362
Category : India
Languages : en
Pages : 479

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Book Description
Contributed papers presented at a national seminar on economic meltdown and its impact on Indian economy, organized by Dept. of Economics, Sri Venkateswara University on March 24-25, 2010.

The Global Financial Crisis and the Indian Economy

The Global Financial Crisis and the Indian Economy PDF Author: B. L. Pandit
Publisher: Springer
ISBN: 8132223950
Category : Business & Economics
Languages : en
Pages : 147

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Book Description
After tracing the causes of the global financial crisis, the book focuses on two fundamental systemic issues connected with its manifestation: financial-sector regulation and the problem of the dollar-centric international monetary system, both of which have been widely cited among the important factors leading to the 2008 financial crisis. The important analytical question of monetary policy transmission during the crisis is discussed in depth with the help of appropriate econometric models. The effectiveness of India’s monetary policy during the crisis is examined by specifying an econometric model, and the impact of the crisis on the Indian stock market is modelled on the basis of risk-enhancing and risk-mitigating features. In closing, the impact of the crisis on real sectors of the Indian economy is analysed in detail.

Global Meltdown and India - Issues, Concerns and Challenges

Global Meltdown and India - Issues, Concerns and Challenges PDF Author: V. Basil Hans
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
These are indeed times of economic turbulence. Unstoppable India Inc. has hit a speed-breaker and the slowdown is there for all to see. Loanload worries, job search constraints, and making frequent fund value and investment assessment for more liquidity options in portfolio management - all these are features of the global financial meltdown, proof that we are in the midst of one of the worst economic disasters or what is called the "worst global financial crisis since the Great Depression". The volatility of the developed economies has come to the developing economies in the era of transnationalisation. Wall Street is clearly impacting the Indian job market. Banks are folding up. Deals are getting postponed. Outsourcing Industry is feeling the insidious effect of banks going bout of business and everyone is trying to protect his/her job. Just how bad is the financial crunch? What are its ingredients? What is its impact on Indian economy in general and the banking and realty sectors in particular? These are some of the questions addressed in this paper. Besides making an assessment of the current economic situation, the paper also tries to analyse some practical solutions to the problems at hand and the impending ones.

The Global Economic Crisis Through an Indian Looking Glass

The Global Economic Crisis Through an Indian Looking Glass PDF Author: Adarsh Kishore
Publisher:
ISBN: 9789353881177
Category :
Languages : en
Pages : 340

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Book Description
The Global Economic Crisis through an Indian Looking Glass is about the onset and unfolding of the global financial crisis and the great recession of 2008-2009, tracing its origin and causes, dimensions and impact, policy responses, lessons and the way forward from an Indian perspective. A significant feature of the book is the analysis of the four facets of the crisis: (i) genesis, (ii) impact on the world and India, (iii) the response, and (iv) the aftermath. The objective is to capture the specific aspects of the onset of the crisis and the policy responses, with particular emphasis on the sequencing thereof. The authors underscore the gaps in the international financial architecture that allow the recurrence of crises with global ramifications and emphasize the importance of cooperation, coordination and collective action to secure and sustain macroeconomic and financial stability across the globe. The book is a testament to the powerful values of global interconnectedness.

Impact of Global Financial Meltdown on Beta of Selected Scrips

Impact of Global Financial Meltdown on Beta of Selected Scrips PDF Author: Dr N. Maruti Rao
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Today, the world economy is melting like an ice cube on hot stove. Governments and Central Banks of respective countries around the world have initiated various measures to mitigate the impact of global meltdown such as bailout packages, injecting liquidity into the system. The impact of global meltdown on the Indian economy in general and the financial system in particular can be seen in BSE's crashing and slipping to less than 10,000 points from its peak of 21,000, and industries declaring production cut and job cut. In order to counter the menace of global meltdown the Government of India and RBI have taken various measures to mitigate the impact of global meltdown on Indian economy such as economy stimulus packages, cut in CRR, SLR, repo and reverse repo rates, extension of duty drawback scheme, etc. It has also become a political issue in the country. So, today we are witnessing the impact of global meltdown not only on the economy, financial system, industries and traders but also on the society at large. The present study analyzes one aspect of global meltdown, i.e., the impact of Global Financial Meltdown (GFM) on beta of selected scrips. The purpose is to find out the impact of GFM on beta of few selected Indian companies. It also intends to look into the correlation between few selected systemic risk factors such as Dow Jones Industrial Average index, Foreign Exchange Rate (FER) and Gross Domestic Product (GDP), and the beta of selected scrips.

Global Financial Crisis and the Indian Economy

Global Financial Crisis and the Indian Economy PDF Author: S. Asokkumar
Publisher:
ISBN: 9788177082333
Category : Global Financial Crisis, 2008-2009
Languages : en
Pages : 0

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Book Description
The current global financial situation continues to be uncertain and unsettled. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, a global financial crisis, and now a global economic crisis. It has engulfed international money, credit, equity, and foreign exchange markets. India has remained relatively immune from the fallout of the crisis due to several reasons, including the prudential, supervisory, and regulatory framework of the Reserve Bank of India. More importantly, the Indian banking system has shown remarkable market discipline, docility, and sincerity of purpose. It is heartening to note that in India, complex structures like synthetic securitisations have not been permitted, so far. This collection contains 18 articles covering various dimensions of the ongoing financial turmoil and its impact on India's economy.

Crisis and Predation

Crisis and Predation PDF Author: The Research Unit for Political Economy
Publisher: Monthly Review Press
ISBN: 1583679251
Category : Political Science
Languages : en
Pages : 216

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Book Description
How India's COVID-19 lockdown is creating an unprecedented humanitarian disaster With the advent of COVID-19, India’s rulers imposed the world’s most stringent lockdown on an already depressed economy, dealing a body blow to the majority of India’s billion-plus population. Yet the Indian government’s spending to cushion the lockdown’s economic impact ranked among the world’s lowest in GDP terms, resulting in unprecedented unemployment and hardship. Crisis and Predation shows how this tight-fistedness stems from the fact that global financial interests oppose any sizable expansion of public spending by India, and that Indian rulers readily adhere to their guidance. The authors reveal that global investors and a handful of top Indian corporate groups actually benefit from the resulting demand depression: armed with funds, they are picking up valuable assets at distress prices. Meanwhile, under the banner of reviving private investment, India’s rulers have planned giant privatizations, and drastically revised laws concerning industrial labor, the peasantry, and the environment—in favor of large capital. And yet, this book contends, India could defy the pressures of global finance in order to address the basic needs of its people. But this would require shedding reliance on foreign capital flows, and taking a course of democratic national development. This, then, is a pursuit, not for India’s ruling classes, but a course of struggle for India's people.